Introduced
To exempt land on which homes and apartments built "on spec" by residential real estate developers from school operations property tax until the property is occupied.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To cap the tax break duration at one year.
The amendment failed by voice vote
Amendment offered
by
To tie-bar the bill to House Bill 4903, meaning this bill cannot become law unless that one does also. HB 4903 would pro-rate homestead property tax exemptions when a person buys a new home after May 1 (the current deadline for getting the exemption for the year).
The amendment failed by voice vote
Passed in the House 74 to 33 (details)
Referred to the Committee on Finance
Substitute offered
The substitute passed by voice vote
Substitute offered
by
To replace the previous version of the bill with one that limits the proposed tax breaks to three years and revises other details.
The substitute passed by voice vote
Passed in the Senate 22 to 15 (details)
To exempt land on which homes and apartments built "on spec" by residential real estate developers from school operations property tax for three years or until the property is occupied, whichever happens first.
Passed in the House 93 to 16 (details)
To concur with the Senate-passed version of the bill.
